Midtown Miami Condos Are Back in Business!

Gold Krown Financial, led by M. Ronald Krongold, is finally putting 61 of its 538-owned Midtown Miami condos back on the market. Depending on the response on the sales of these initial units in Midtown 2, the group will decide whether and how many more are to be opened to buyers.

Midtown 2, also known to be Miami’s twist on New York’s SOHO district, comes complete with refreshing urban architecture, 60 unique floor plans, floor-to-ceiling windows, ten foot high exposed ceilings, Italian kitchens, stainless steel appliances and resort-like amenities. The Midtown Miami condos for sale inventory is inclusive of two as well as three bedroom units that are priced anywhere between $200 and $300 per square foot, which seems to be quite a steal as compared to Paramount Bay’s $500/square foot located southeast of Midtown.

Attractive pricing has already led these Downtown Miami condos to pick up heat with nearly half the buyers being investors from out of Miami. One of the other reasons for these properties to be generating buyer interest could also be the fact that some of these units are hybrids, good for commercial and residential use.

One of the other interesting properties on the Midtown Miami condos for sale market is the Midtown 4. Again a fine specimen of fresh, urban architecture, the Midtown 4 comes with even more lavish luxuries such as dramatic curves flowing through the exteriors well into the interiors, a seventh floor pool deck with panoramic views of Downtown and Biscayne Bay, sauna, Jacuzzi, state-of-the-art fitness center as well as custom finishes.

With a warm and trendy neighborhood complete with offices, retailers and popular restaurants, it would be interesting to note the kind of action created by residential and commercial units that are on their way to the very happening Downtown Miami condos market.

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News Source: http://www.bizjournals.com/southflorida/print-edition/2012/03/23/midtown-miami-markets-penthouses.html